10) Management accounting information typically includes A) tabulated results of customer satisfaction surveys B) the cost of producing a product C) the percentage of units produced that are defective D) All of these answers are correct. SEC B 11) Cost accounting provides information for both management accounting and financial accounting professionals. Explain. 12) There is an overlap or intersection between management accounting and financial accounting. Explain. 13) What competitive advantage could a company obtain from having a successful cost management program? SECC 14) Value chain and classification of costs, car company. General Motors incurs the following costs: a. Electricity costs for the plant assembling the Chevrolet Camaro b. Transportation costs for shipping the Camaro to dealers c. Payment to Shelby Designs for the design of the Camaro. d. Salary of an engineer working on the next generation of Camaros e. Cost of GM employees' visit to an auto show to demonstrate the Camaro f. Testing the Camaro at the GM track g. Payment to television network for running Camaro advertisements h. Cost of brake pads purchased from outside supplier to be installed on the Camaro USCUOI LUCCA Required: Classify each of the cost items (a-h) into one of the business functions of the value chain. 1) Research and development 2) Design of products and processes 3) Production 4) Marketing and sales 5) Distribution 6) Customer service 15) List the four standards of ethical conduct for management accountants. For each standard, give an example that demonstrates compliance with that standard